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China: Willing to lift U.S. imports
But the Chinese premier wants the U.S. open more to China, especially in the high-tech sector.
December 12, 2003: 3:19 PM EST

NEW YORK (CNN) - Wrapping up a three-day trip to the United States, Chinese Premier Wen Jiabao said U.S.-China relations are "the most important state-to-state relations in our world" and said China is committed to increasing imports of U.S. products to level the trade balance between the two nations.

"We have demonstrated our utmost sincerity, and we are very much ready to increase our imports from your country," Wen told CNN's Lou Dobbs in an interview Thursday.

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Chinese Premier Wen Jiabao tells Lou Dobbs China will increase its U.S. imports to level the trade balance between the two nations.

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But he added one caveat: "We hope the United States will open more to China, especially in the high-tech sector."

President Bush has faced increasing political pressure at home over the soaring trade deficits with China, which could reach $130 billion this year. Wen said he presented a five-point trade plan to Bush this week, a proposal he said was well received at the White House.

In the wide-ranging interview, Wen also said China respects the "desire of the Taiwan people to develop and pursue democracy," but opposes efforts by Taiwan's leaders to "cut off Taiwan from the sacred territory of the Chinese motherland."

In addition, he flatly said China opposes nuclear weapons on the Korean Peninsula.

Wen met this week with Bush and an array of U.S. officials in what he described as talks held in a "friendly, candid, cooperative and constructive atmosphere." He noted the two nations don't see eye-to-eye on every issue, but both sides must work "to remove these differences and ensure smooth development of our constructive and cooperative relationship."

"We are both of the view that the further strengthening and improvement of China-U.S. relations not only serves the interest of our two peoples, but is also conducive to peace and stability in the whole world," Wen said.

"We both believe the China-U.S. bilateral relationship is the most important state-to-state relationship in our world," he added.

On Tuesday, Bush welcomed Wen to the White House and bluntly served notice that the United States opposes plans for a referendum in Taiwan that the administration views as a means of stoking pro-independence sentiment. Those comments were warmly greeted by Beijing.

Despite the blunt warning, Taiwan President Chen Shui-bian has defended the plans to hold the referendum, which would demand that China reduce its military threat against the island.

In the Dobbs interview, Wen said China fundamentally opposes the referendum.

Playing down any prospect of war over the issue, he said, "The people of Taiwan are our blood brothers and sisters. So as long as even the slightest hope for peace exists, we will work to our utmost to strive for the peaceful process."

Chinese leaders insist that Taiwan belongs to China, though the self-governed, democratic island has never been ruled by Beijing's Communist Party government, and the island was a Japanese colony prior to World War II. The Nationalist Chinese fled to Taiwan after losing a civil war to the Communist in the mainland, and Beijing has threatened to use its massive military to take over Taiwan.

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On another key issue in the region, he laid out China's position on North Korea and its desire to develop nuclear weapons.

"China does not believe that the Korean Peninsula should have nuclear weapons," he said. "So therefore, we believe that the nuclear issue on the Korean Peninsula should be resolved through peaceful means and through diplomatic means in the interest of peace and stability on the peninsula."

As far as U.S.-China trade is concerned, he said he hopes his five-point plan will help level the playing field. At the same time, he noted that despite the deficits, U.S. exports to China have increased "by fairly big margins."

Among his suggestions in the five-point plan:

  • Seek "mutual benefits" that would help both countries in the long run;
  • Expand U.S. exports to China, while removing various restrictions on exports from China;
  • Establish and improve a "coordinating mechanism for the resolution of trade issues;"
  • Approach trade issues on the basis of equal consultations, rather than imposing restrictions on certain goods;
  • "Economic and trade issues should not be politicized."

"Trade between our two countries has brought tremendous benefit to the people of both countries," the premier said, adding, "We will still try to promote a balance in our bilateral trade in an active and positive approach."  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.